Issue 9: 8th March 2018

    Accor Booster to fund share buyback, M&A

    AccorHotels will raise EUR4.4bn through the sale of 55% of AccorInvest to group of investors, including sovereign wealth funds. The company is committed to retaining at least 30% of AccorInvest for the next five years but said that, long term, it would expect to exit fully. Following the closing of the transaction, AccorHotels intends to [...]

    Owners, operators, brands pile into UK

    Rising costs and ongoing uncertainty over Brexit have failed to deter expansion in the UK, with Dalata and PPHE looking to growth. Adding a low-cost alternative to the brand mix, Magnuson Hotels has also announced its debut in the UK, as rising costs put pressure on owners. At Dalata Hotel Group, the company was targeting [...]

    Nordic pressure drives diversity

    An increase in supply in some Nordic markets has caused concern for the region’s operators, which are looking outside their domestic portfolios for balance. The drive to expand has seen Pandox buy Jurys Inn, while Rezidor Hotel Group was due to further outline its new five-year strategy, which will see closer alignment with the former [...]

    Japan ramps up supply ahead of Games

    Japan Hotel Reit said that it expected to see “some impact” from the supply of new hotels as the sector expanded ahead of the 2020 Olympic Games, due to be hosted in Tokyo. The news came as the country prepared for a new tourist tax, as well as an industry-wide organisation, both aimed at raising [...]

    Priceline drops Priceline

    The Priceline Group has changed its name to Booking Holdings, with the group telling investors that it would invest in adding new supply, taking Amazon as inspiration. The company said it was working to provide “holistic frictionless travel” to its customers, making its way deeper into the travel funnel with services such as car hire [...]

    Spain retains the heat

    Spain’s hotel operators reported a strong year of trading in both domestic and international markets, with plans to expand in the coming year. The results came as the country continued to attract investors, with the resort market in particular still offering value. At NH Hotels Group, the company said that it would continue to focus [...]